American International Group Inc. Sells 239 Shares of H.B. Fuller (NYSE:FUL)

American International Group Inc. cut its stake in shares of H.B. Fuller (NYSE:FUL) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,453 shares of the specialty chemicals company’s stock after selling 239 shares during the period. American International Group Inc.’s holdings in H.B. Fuller were worth $2,398,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FUL. Public Employees Retirement Association of Colorado raised its stake in shares of H.B. Fuller by 2,588.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company’s stock worth $27,282,000 after purchasing an additional 322,655 shares during the period. Luminus Management LLC raised its stake in shares of H.B. Fuller by 123.9% during the 3rd quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock worth $28,154,000 after purchasing an additional 227,055 shares during the period. Partners Capital Investment Group LLP bought a new stake in shares of H.B. Fuller during the 4th quarter worth $5,598,000. Kennedy Capital Management LLC raised its stake in shares of H.B. Fuller by 19.3% during the 3rd quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock worth $5,645,000 after purchasing an additional 13,328 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of H.B. Fuller during the 4th quarter worth $738,000. 95.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, VP Nathan D. Weaver sold 7,292 shares of H.B. Fuller stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total transaction of $573,442.88. Following the completion of the transaction, the vice president now owns 4,803 shares of the company’s stock, valued at approximately $377,707.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Zhiwei Cai sold 4,645 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $75.15, for a total transaction of $349,071.75. Following the completion of the transaction, the executive vice president now owns 30,663 shares of the company’s stock, valued at $2,304,324.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Weaver sold 7,292 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total value of $573,442.88. Following the transaction, the vice president now directly owns 4,803 shares of the company’s stock, valued at approximately $377,707.92. The disclosure for this sale can be found here. Insiders sold 34,253 shares of company stock valued at $2,669,188 in the last quarter. 1.96% of the stock is currently owned by corporate insiders.

H.B. Fuller Stock Down 2.9 %

FUL stock opened at $76.38 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $4.16 billion, a PE ratio of 27.77, a PEG ratio of 1.24 and a beta of 1.48. H.B. Fuller has a twelve month low of $62.79 and a twelve month high of $84.31. The stock has a 50-day simple moving average of $78.00 and a two-hundred day simple moving average of $78.51.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $810.42 million during the quarter, compared to analyst estimates of $823.04 million. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities analysts predict that H.B. Fuller will post 4.32 EPS for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, April 24th. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. H.B. Fuller’s payout ratio is presently 32.36%.

Wall Street Analyst Weigh In

FUL has been the topic of a number of research reports. Robert W. Baird boosted their price objective on H.B. Fuller from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Vertical Research initiated coverage on H.B. Fuller in a research note on Tuesday, March 19th. They issued a “buy” rating and a $88.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $86.20.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.